ELRAY RESOURCES, INC. sold ETHZ
July 27, 2025 · Form 4 insider transaction
ELRAY RESOURCES, INC. sold 1,680,000 shares of ETHZ at $3.00 per share, a transaction worth $5.04M. The trade was recorded as open-market sale and disclosed on an SEC Form 4.
Footnotes
On July 27, 2025, Elray Resources, Inc. exercised Common Stock Purchase Warrants to purchase 3,000,000 shares of the Issuer's common stock at an exercise price of $1.68 per share. Elray Resources, Inc. paid the exercise price on a cashless basis, resulting in the Issuer withholding of 1,680,000 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 1,320,000 shares.; Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed.